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• #Backblaze stock price software#

In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as backups, multi-cloud, application development, and ransomware protection. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.

#Backblaze stock price software#

The company offers cloud services through a web-scale software infrastructure built on commodity hardware. Notably, 3 of the 6 targets are the high $17 which implies more than 30% of upside for the stock.Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The split here is even with 3 Buys and 3 Outperforms with all price targets within the $15 to $17 range. Now, with the quiet period over, the stock is down more than 25% from its all-time high and offering an even better entry.Īs with Backblaze, 6 sell-siders have come out with ratings so far with a consensus of Firm Buy. The IPO met with some success after pricing at the low end of the expected range but it didn't last long. The firm's mission is to aid the digital transformation by creating custom applications on a use-case basis that include machine learnings, AI, IoT/edge, analytics, cloud, and mobility. In our view, this is just the first of many rounds of positive analyst chatter, it's just a matter of time.ĬI&T For Software To Aid Digital TransformationĬI&T Inc (NYSE: CINT) is interesting in that it provides strategy, design, and software engineering services for businesses and institutions. The consensus price implies about 32% of upside with shares trading near $21.25 and the high price target of $30 adds another few hundred basis points. The bulk of the ratings are Outperform with a consensus price target of $28.25.

Regardless, the analysts have come out with a strong vote of confidence in the stock rating it a firm Buy.Īt least six sell-side analysts have rated the stock so far with no Neutrals and no Sells. Simply looking at things from the market cap perspective, Backblaze could be worth as much as 7500% growth if it comes even close to the size of Cloudflare today. The company IPOd to significant pomp but has since pulled back to just above the post-IPO levels. Backblaze For Cloud Storage And Data Securityīackblaze (NASDAQ: BLZE) is a cloud storage and data security play that some are likening to Cloudflare. They all offer utility to their clientele and in this age of accelerating digitization present an opportunity investors need to pay attention to. All three have seen some volatility in the wake of their initial offerings, all three are trading at the lowest levels since the IPO, and yet all three are getting actively promoted by the analysis community and the reason is simple. Often times the best time to buy a newly IPOd stock is after the initial quiet period ends and that is no different with the three we have today. This year has been a busy one for IPOs and the activity is staying strong right through the end of the year. These Tech IPOs Are A Buy Before Christmas